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30 April 2012

Munich Re Announces Additional Updates to Life, Critical Illness and Disability Insurance Underwriting Manuals

Toronto, April 30, 2012 – Munich Reinsurance Company today announced more important enhancements to EDGE, its Life, Critical Illness and Disability insurance underwriting manuals. They include an innovative approach to underwriting life insurance for applicants aged 70 and above, as well as new information and tools for Critical Illness and Disability underwriters. These changes continue to reinforce Munich Re’s commitment to provide clients with up-to-date information in an easily accessible format.

Here is a sample of some of the new content:

  • A Mature Age Calculator offering evidence-based mortality determinations in assessing functional capacity
  • A new section on physical functioning and frailty in the age 70 and up market which applies commonly used functional tests in this age group for superior risk assessment
  • A multifactoral calculator for evaluating the impact of elevated liver function tests on Critical Illness risk
  • Updated text and new rating schemes for pregnancy and related conditions, and mammoplasty for Disability insurance


The changes to the Life and Critical Illness manuals are available immediately to Munich Re customers with access to the EDGE manuals. Disability manual enhancements will be released on May 15, 2012.



Disclaimer
This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.

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Shawn Elliott, Assistant Vice President
Phone: +1 416 359 8015


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